Trade Reporting Notice – 7/19/19

Summary

FINRA is issuing this Notice to remind members of their obligation to have systems or processes in place to determine whether a transaction in a TRACE-Eligible Security has occurred and is, therefore, reportable, even if it was not included on the TRACE security master list at the time of the transaction. In those circumstances, members should contact Market Operations to add the TRACE-Eligible Security to the security master list and report the transaction to TRACE.

Technical Notice

TRACE MBS Dissemination Issue

July 08, 2019

For July 8, 2019, transactions disseminated for the below listed 57 Freddie Mac-issued mortgage-backed securities traded in specified pool transactions (MBS transactions) do not reflect the most recent reference data element updates provided by Freddie Mac on Saturday, July 6 2019. Consequently, the dissemination ID (RDID) used for MBS transactions in the below listed securities reflect reference data information as of July 5, 2019, as currently in the TRACE Issue Master.

SR-FINRA-2019-021

Rule Filing Status:  Filed for Immediate Effectiveness

 

Rule change to amend Rule 7470 (Exemption to the Order Recording and Data Transmission Requirements) to extend for three years FINRA’s ability to exempt certain members from the recording and reporting requirements of the Order Audit Trail System (“OATS”) Rules (“OATS Rules”) for manual orders received by the member.
 

Regulatory Notice 19-24

Summary

Last year, FINRA took several steps to engage with members regarding their current and planned activities relating to digital assets. These efforts included the issuance of Regulatory Notice 18-20, which encouraged firms to keep their Regulatory Coordinator informed if the firm, or its associated persons or affiliates, engaged, or intended to engage, in activities related to digital assets, including digital assets that are non-securities. Regulatory Notice 18-20 requested that firms provide these updates to Regulatory Coordinators until July 31, 2019.

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